Qube Research & Technologies Ltd Invests $417,000 in NICE Ltd. (NASDAQ:NICE)

Qube Research & Technologies Ltd purchased a new position in NICE Ltd. (NASDAQ:NICEGet Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,374 shares of the technology company’s stock, valued at approximately $417,000.

Other institutional investors have also modified their holdings of the company. Private Capital Group LLC raised its stake in NICE by 940.0% during the 4th quarter. Private Capital Group LLC now owns 156 shares of the technology company’s stock worth $47,000 after buying an additional 141 shares during the period. Ledyard National Bank acquired a new stake in NICE during the 4th quarter worth $206,000. West Coast Financial LLC acquired a new stake in NICE during the 4th quarter worth $209,000. Cetera Investment Advisers acquired a new stake in NICE during the 3rd quarter worth $211,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in NICE during the 4th quarter worth $214,000. 69.37% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:NICE opened at $203.05 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.81 and a current ratio of 1.81. The stock’s 50-day simple moving average is $222.67 and its 200 day simple moving average is $260.53. The company has a market cap of $12.80 billion, a P/E ratio of 69.78, a P/E/G ratio of 2.73 and a beta of 0.86. NICE Ltd. has a 52-week low of $199.32 and a 52-week high of $319.88.

NICE (NASDAQ:NICEGet Rating) last released its earnings results on Thursday, February 17th. The technology company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.16). The company had revenue of $515.50 million during the quarter, compared to analyst estimates of $495.66 million. NICE had a net margin of 10.19% and a return on equity of 11.49%. NICE’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 EPS. As a group, equities analysts predict that NICE Ltd. will post 5.44 earnings per share for the current fiscal year.

Several brokerages recently commented on NICE. TheStreet downgraded NICE from a “b” rating to a “c+” rating in a research note on Monday, March 7th. Zacks Investment Research raised NICE from a “sell” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group dropped their price target on NICE from $350.00 to $320.00 and set a “buy” rating on the stock in a research note on Friday, February 18th. Morgan Stanley dropped their price target on NICE from $315.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 22nd. Finally, StockNews.com started coverage on NICE in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $307.13.

NICE Profile (Get Rating)

NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; and a digital-first omnichannel customer engagement platform that supports various digital and self-service channels, which allows organizations to add and integrate new and emerging channels.

Further Reading

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Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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